Electronic Arts confirmed Monday that it is going private in a US$55-billion deal that will see the publisher of the EA Sports FC, Battlefield and The Sims franchises owned by a consortium consisting of Saudi Arabia’s sovereign wealth fund, private equity firm Silver Lake and Affinity Partners, an investment company founded by Jared Kushner, the son-in-law of U.S. President Donald Trump. (The Logic)
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Electronic Arts confirmed Monday that it is going private in a US$55-billion deal that will see the publisher of the EA Sports FC, Battlefield and The Sims franchises owned by a consortium consisting of Saudi Arabia’s sovereign wealth fund, private equity firm Silver Lake and Affinity Partners, an investment company founded by Jared Kushner, the son-in-law of U.S. President Donald Trump. (The Logic)
Talking point: EA will take on $20 billion in debt as part of the agreement, adding to the challenges the publisher faces in navigating a difficult time across the video game industry. That may be particularly concerning for EA’s Vancouver (EA Sports FIFA) and Edmonton (Dragon Age) studios, which are both high-profile operations whose 2024 releases fell short of sales targets at launch. The deal is the latest in a string of video game investments for Saudi Arabia’s Public Investment Fund, which has spent years pursuing the sector as it tries to diversify its economy beyond oil.
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